Consider Labour That Is Hired for $18 Per Hour

question 48

Multiple Choice

Consider labour that is hired for $18 per hour.If the last hour hired produces 8 units of output which sells for $2 per unit,________ labour should be hired in this situation since the wage is ________ MRP.

• A)more; greater than
• B)more; less than
• C)less; greater than
• D)less; less than
• E)no; equal to